P/E ratio for China Zheshang Bank (2016.HK)
P/E ratio at the end of 2022: 4.43
According to China Zheshang Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.57161. At the end of 2022 the company had a P/E ratio of 4.43.
P/E ratio history for China Zheshang Bank from 2016 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.43 | -10.13% |
| 2021 | 4.93 | -18.67% |
| 2020 | 6.07 | 6.08% |
| 2019 | 5.72 | -7.95% |
| 2018 | 6.21 | 3.29% |
| 2017 | 6.01 | 0.76% |
| 2016 | 5.97 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.